What is the ratio in Regal (Hastings) v Gulliver?

Directors must account to their company for any profits made from their position, even if made honestly and the company benefited overall.

What did the court decide in Regal (Hastings) v Gulliver?

The House of Lords held directors liable to account for profits from subsidiary shares, establishing strict fiduciary duty principles.

Why is Regal (Hastings) v Gulliver important for company law?

It established the strict 'no profit' rule for directors and remains the leading authority on directors' fiduciary duties regarding corporate opportunities.

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